Small Business Administration providing financial help for June storm victims

Low interest loans are available for home and businesses owners as well as renters and nonprofit organizations

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Updated: 5:42 PM CDT Jul 7, 2017

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WEBVTT SEVENS JAMESWILCOX REPORTS IT IS NOT JUSTFOR HOMEOWNERS.JAMES: LOOKING OVER HISLAKEFRONT PROPERTY NEARPLATTSMOUTH, KEY FEELS RELIEF.>> IT WAS LIKE A WAR ZONE.JAMES: HIS NEIGHBORHOOD HAMMEREDRIGHT HIGH WINDS LAST MONTH.>> IT DAMAGED THE ENTRY WAYTHERE.IT DAMAGED SOME OF THE SHINGLESON THE ROOF.JAMES: ALSO, DAMAGE TO HISGARAGE AND SEVEN TREES TAKEN TO.NEXT DOOR, THIS UPROOTED TREESSTILL NEEDS TO BE CLEARED AWAY.HE SAYS THIS IS WHAT HIS YARDLOOK LIKE -- LOOKED LIKE TWOWEEKS AGO.>> THE NEXT DAY, WE HAD 16PEOPLE COME OUT WITH CHAINSAWSAND THEY HELPED US CLEANER.JAMES: WITH INSURANCE TO COVERTHE DAMAGE.FOR OTHERS, THERE IS THE SMALLBUSINESS ADMINISTRATION.>> NOT ONLY BUSINESSES, RENTERS-- BASICALLY, WE HAVE A PROGRAMTO HELP ANYONE AFFECTED BY THESTORM.JAMES: PROVIDING LONG-TERM, LOWINTEREST LOANS.>> WE TRY TO MAKE SURE OUR LOANPAYMENTS ARE AFFORDABLE.JAMES: REPRESENTATIVES ARE HEREIN PLATTSMOUTH READY TO ANSWERQUESTIONS.>> THERE ARE SOME FOLKS OUTTHERE WHO ALREADY HAVEINSURANCE.MAYBE THEY DON'T HAVE ENOUGH.WE CAN COVER THE GAP.JAMES: FOUR THINGS LIKE BEHINDTHE DUCK TALES -- BE -- FORTHINGS LIKE THE HIGH DETECTABLE.AS THE CLEANUP CONTINUES.ALEXANDRA: THE LOANS COVEREDDAMAGE FROM JUNE 12 THROUGH THE16TH.REPRESENTATIVES WILL BE IN

Small Business Administration providing financial help for June storm victims

Low interest loans are available for home and businesses owners as well as renters and nonprofit organizations

Gene Monekey is relieved as he looks over his lakefront property near Plattsmouth. "We and the neighbors walked up and down the street. It was just like a war zone," he said.

Monekey's Buccaneer Bay neighborhood was hammered by high winds during June storms. "It damaged the entry way. Damaged some of the shingles on the roof," he said.

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The storm also damaged his garage, and took down seven trees. "The next day we had about 16 people came out with chainsaws and help us clean up," Monekey said.

Insurance covered the cost of the damage, but others storm victims need financial help. The U.S. Small Business Administration is offering assistance.

"Not only to businesses, but to renters, private nonprofits, basically we have a program to help anyone who was affected by the storm," Yolanda Stokes with the SBA said.

The SBA provides long-term low-interest loans.

"As you can imagine, an interest rate of 1.9 percent is just unheard of in the commercial market. So we try to make sure our loan payments are affordable for our disaster survivors," Stokes said.

SBA representatives are in Plattsmouth through July 20 at the Cass County law Enforcement Center ready to answer questions.

"There are some folks out there who already have insurance, maybe don't have enough insurance, so we can cover that gap," Stokes said.

SBA assistance is available for victims of storms June 12-16 in Cass, Lancaster, Otoe, Sarpy and Saunders counties in Nebraska; and Fremont and Mills counties in Iowa.

Applicants can apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. They may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster